Cryptocurrency developers Shiba Inu announce the launch of a Visa card

The developers of the cryptocurrency Shiba Inu have presented a short teaser announcing the upcoming launch of Visa SHIB Burn. As it has become known, the Shiba Inu project team and representatives of one of the largest payment systems Visa are working on the development of a plastic card for the SHIB cryptocurrency with Visa support.

Back in April, Shiba Inu launched a new token burning mechanism called SHIB Burn, which allows holders to burn their cryptocurrency and receive rewards in the form of burntSHIB tokens. BurntSHIB tokens can be sent to staking and receive separate Ryoshi tokens from the Ryoshis Vision DeFi project.

Cooperation with Visa is important for Shiba Inu, because due to the complex burning structure and the slow process of distributing rewards, the interest of token holders in the SHIB Burn project began to decline. With the SHIB Burn Visa card, users will be able to burn more SHIB and receive rewards faster, and for the project itself, this will allow it to become independent of Ryoshis Vision.

Obviously, the SHIB ecosystem has a lot of enthusiasm for promoting their project. Recently, Shiba Inu’s chief developer Shitoshi Kusama announced plans to launch its own stablecoin SHI and TREAT token, the latter to be used in metaverse. According to Shitoshi Kusama, the SHI stablecoin is planned to be released this year. Also, according to Shitoshi, the developers have already presented a version of SHI, which, in their opinion, has all the capabilities to «avoid the problems that have befallen some ecosystems.»